Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    125 Davenport St E Rhinelander, WI 54501

    Sponsored
    For Sale
    Under Contract
    $400,000

    COMMERCIAL - Rhinelander, WI

    Type:Office
    Lot size:
    0.21 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 25 at 4:06 pm

    Property Features for 125 Davenport St E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active Under Contract
    Rooms
    Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 3
    Bathrooms
    5
    APN
    27601-0128-0000
    Lot size
    0.21 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    3
    Flooring type
    Mixed
    Building materials
    Brick
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    LUKE DURKEE

    Redman Realty Group, LLC (715) 358-0450

    Listing agent LISA ALSTEEN (715) 360-0010 License #52808 - 90

    Listing date Jan 14, 2026

    MLS# 215281

    Copyright © 2026 Northwoods Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Office Building Investment

    This well-maintained office building is located directly across from the Oneida County Courthouse, making it an ideal location for a variety of businesses. The property has a strong rental history and offers a 10 capitalization rate. Currently, the building is occupied by three separate tenants, but the flexible layout can be easily reconfigured to suit a range of business requirements. The right side of the building is leased to a title agency and includes a large private office, a spacious conference room, a sizable file room, three bathrooms, and a break room. The left side is occupied by a benefits company, featuring four large offices, an expansive entryway, an extra-large conference room, and two additional bathrooms at the rear. The third unit is being leased to an internet company utilizing the back of the building for storage. The property is located in Rhinelander, WI, and the lot size is 0.21 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rhinelander
    County
    Oneida
    State
    Wisconsin
    Longitude
    -89.40888941
    Latitude
    45.63798728

    Nearby Similar for Sale

    • $399,900
      2.00 Acres

      Turnkey Restaurant and Bar Opportunity

      Restaurant/bar with updated interior, outdoor entertainment spaces near Rhinelander.
      6776 Cth K, Rhinelander, WI 54501
      View Details
    • New
      $349,750
      0.17 Acres

      Mixed-Use Property in Rhinelander, WI

      Updated living quarters with commercial and storage space.
      11 Keenan St W, Rhinelander, WI 54501
      View Details
    • $359,000
      0.46 Acres

      Rhinelander Commercial Property with Residence

      Mixed-use property featuring showroom, office, storage, and residential home.
      1409 Lincoln St, Rhinelander, WI 54501
      View Details
    • $569,900
      0.70 Acres

      Multi-Use Property in Rhinelander, WI

      Multi-building commercial property with residential and retail/office spaces.
      400-416 Pelham St S, Rhinelander, WI 54501
      View Details
    • $459,900
      0.53 Acres

      Mixed-Use Building in Rhinelander, WI

      Multi-use commercial/residential building with retail, office, and apartments.
      400-406 Pelham St S, Rhinelander, WI 54501
      View Details
    • $390,000
      0.23 Acres

      Downtown Rhinelander Commercial Building

      Commercial building in Rhinelander's Downtown District with over 7,000 sq. ft.
      33 King St W, Rhinelander, WI 54501
      View Details
    • $199,900
      0.17 Acres

      Rhinelander Office Building For Sale

      Three-unit office building in Rhinelander with high traffic counts.
      416 Pelham St S, Rhinelander, WI 54501
      View Details
    • $165,000
      1.34 Acres

      Storage Building on 1.5 Acres

      50x30 storage building on just under 1.5 acres.
      4068 Hillside Ct, Rhinelander, WI 54501
      View Details
    • $575,000
      6,050 SF

      Retail Building with Frontage

      6,050 SF retail building on 1.5 acres.
      5696 Us-8, Rhinelander, WI
      View Details
    • $116,900
      0.26 Acres

      Rhinelander Commercial Lot - Prime Location

      High-growth area, near Walmart & Kwik Trip.
      Spring Rd, Rhinelander, WI 54501
      View Details
    • $325,000
      3,150 SF

      Rhinelander Auto Repair Facility

      Established Business, Turn-Key Opportunity
      1874 Stevens St, Rhinelander, WI 54501
      View Details
    • $509,000
      8,206 SF

      Prime Rhinelander Commercial Property

      High-visibility, 8,206 sq ft building on 3.64 acres.
      2066 Stevens St, Rhinelander, WI 54501
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with strong rental history and flexible layout.
    Where is this office building located?
    The property is located at 125 Davenport St E Rhinelander, WI.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Prime location directly across from the Oneida County Courthouse; - Strong rental history and a genuine 10 capitalization rate; - Flexible layout easily reconfigured
    (715) 493-3179
    Request Owner's contact information
    125 Davenport St E Rhinelander, WI 54501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    125 Davenport St E
    Rhinelander, WI 54501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    125 Davenport St E Rhinelander, WI 54501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    LUKE DURKEE
    Real Estate License ID: 60337 - 90
    (715) 493-3179
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.